Introduction

Staking Smart Layer Network can be an excellent choice for those looking to hold SLN while earning APY in a secure manner and supporting the network. The process may seem a bit intimidating, particularly for first-timers. That’s why we’ve created this guide to assist you.

Step-by-Step Guide for Italian Investors

1. 1. Acquire Smart Layer Network (SLN) Tokens

   To stake Smart Layer Network, you must first acquire it. To obtain Smart Layer Network, you'll need to buy it. You can select from these well-known exchanges available in Italy.

   Piattaforma	Criptovaluta	Value
   Bitmart	Smart Layer Network (SLN)	0,04 APY
   Bitpanda	Smart Layer Network (SLN)	0,27 APY
   CoinEx	Smart Layer Network (SLN)	0,03 APY
   Crypto.com	Smart Layer Network (SLN)	0,03 APY
   Gate.io	Smart Layer Network (SLN)	0 APY
   Phemex	Smart Layer Network (SLN)	0,07 APY

   Check out all 11 prices

2. 2. Select a Smart Layer Network Wallet

   Once you have SLN, you'll need to select a Smart Layer Network wallet to securely store your tokens. Here are some excellent options tailored for the Italian market.

3. 3. Delegate Your SLN

   We recommend using a staking pool when staking SLN. It's more straightforward and quicker to get started. A staking pool is a collective of validators who pool their SLN, enhancing their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 4. Begin the Validation Process

   You'll need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the Smart Layer Network network. For these validations, you'll receive rewards in SLN.

What to Consider in Italy

When engaging in staking, it's important to factor in the transaction and staking pool fees. Additionally, you may encounter a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take a bit of time.